“Partners to crypto builders since 2013, investing across the stack from decentralized infrastructure and DeFi through consumer and CeFi, at every stage from seed to growth.”
Splits below are computed from the 12 companies shown on blockchaincapital.com's homepage portfolio module, which is the only company-level list our fetch tool could extract; the firm has invested since 2013 and its full portfolio is materially larger than this sample.
Blockchain Capital was founded in 2013 by brothers Bart and Brad Stephens, making it one of the first dedicated crypto venture funds still operating today. Its own positioning, "Partners to crypto builders since 2013," leans on that longevity rather than a single narrow thesis, and the portfolio backs that up: it spans early exchange and custody infrastructure (Coinbase, Kraken, Anchorage Digital, Bitwise), stablecoin issuance (Circle, Tether), DeFi (Aave, EigenLayer), consumer platforms (OpenSea, Polymarket) and newer identity infrastructure (World Identity).
The General Partner team, Aleks Larsen, Kinjal Shah and Spencer Bogart, sits under the two founders, with a substantial Operating Partner bench covering technology, capital formation, legal and finance, and an unusually well-known advisor list that includes Gavin Wood, the Ethereum co-creator and former CTO, and Mike Novogratz of Galaxy. That advisor roster signals a firm with deep, long-standing relationships across the ecosystem, which matters more for a fund like this than a public thesis document, since it does not publish one.
What the firm does not publish is any process detail: no cheque range, no application form beyond a general contact page, and no public statement of current sector priorities. This makes Blockchain Capital one of the harder funds in this directory to prepare for on the fund's own terms; the workaround is to study its actual portfolio and find the closest comparable.
Key stats:
| Partner | Role | Where to find them |
|---|---|---|
| Bart Stephens | Founder and Managing Partner | blockchaincapital.com/team |
| Brad Stephens | Founder and Managing Partner | blockchaincapital.com/team |
| Aleks Larsen | General Partner | blockchaincapital.com/team |
| Kinjal Shah | General Partner | blockchaincapital.com/team |
| Spencer Bogart | General Partner | blockchaincapital.com/team |
| Caleb Tebbe | Operating Partner and CTO | blockchaincapital.com/team |
| Jason Di Piazza | Operating Partner, Head of Capital Formation | blockchaincapital.com/team |
X and LinkedIn handles were not confirmed on the team page we fetched, so we have linked the team page directly rather than guessing handles.